INL Immediate Annuity Plan

Secure a retirement as bright as your spirit 

Plan Benefits
  • Pay premium only once
  • Choose your annuity from 3 different annuity payout options
  • No medical tests required
  • steady income for life, no matter how long you live
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About Product

INL Immediate Annuity Plan

INL Immediate Annuity Plan helps you earn a regular income for your entire life. This is a Single Premium plan where you pay a lump sum premium amount, and opt for a suitable Annuity Option as per your requirements. Based on the opted Annuity Option and selected payout frequency, you start receiving regular annuity income

Benefits of INL Immediate Annuity Plan

Single premium payment
stay worry-free for the entire policy term
Whole Life Guaranteed Income
steady income for life, no matter how long you live
Multiple annuity options
Choose your annuity from 3 different annuity payout options
Annuity payout frequency
Monthly, Quarterly, Half yearly or Annually
Tax benefits
Enjoy tax benefits on the premiums paid and benefits received, as per applicable income tax laws
Ease of enrolment
No medical tests required
Download Brochure Download Sample Policy Document Download Customer Information Sheet (CIS)
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All you need to know

How INL Immediate Annuity term plan works?

Guaranteed Regular Lifetime Income
Flexible Annuity Choices
Single Premium with Tax Benefits
Annuity is paid throughout the life of the Annuitant. On death of the Annuitant, policy is terminated and no benefit is given thereafter
Scenario
Meet Mr. Singh | Age 50
Businessman

Single Premium Plan

What you Pay
Yearly Annuity Amount
Rs. 13,608
Rs. 20,412
Rs. 27,216
Calculation Breakdown
= xx X 12 = ₹xx,xxx p.a.
Guaranteed Regular Lifetime Income
Flexible Annuity Choices
Single Premium with Tax Benefits
Annuity is paid throughout the life of the Annuitant. On death of the Annuitant, the Purchase Price (premium amount less GST) is paid to the Claimant and the policy is terminated
Scenario
Meet Mr. Singh | Age 50
Businessman

Single Premium Plan

What you Pay
Yearly Annuity Amount
Rs. xxxx
Rs. 16,908
Rs. 22,544
Calculation Breakdown
= xx X 12 = ₹xx,xxx p.a.
Guaranteed Regular Lifetime Income
Flexible Annuity Choices
Single Premium with Tax Benefits
Annuity is paid the Annuitant for a guaranteed period of 5 years (as chosen by the Policyholder at inception of the policy) and thereafter for life of the Annuitant. In the event of death of the Annuitant during the guaranteed period 5, Annuity is paid to the Claimant till the guaranteed annuity payout period. Thereafter, the policy is terminated. In case of death of the Annuitant after the guaranteed Annuity payout period, policy is terminated and no benefits are payable thereafter
Scenario
Meet Mr. Singh | Age 50
Businessman

Single Premium Plan

What you Pay
Yearly Annuity Amount
Rs. 13,578
Rs. 20,367
Rs. 27,156
Calculation Breakdown
= xx X 12 = ₹xx,xxx p.a.
Guaranteed Regular Lifetime Income
Flexible Annuity Choices
Single Premium with Tax Benefits
Annuity is paid the Annuitant for a guaranteed period of 10 years (as chosen by the Policyholder at inception of the policy) and thereafter for life of the Annuitant. In the event of death of the Annuitant during the guaranteed period 10 years, Annuity is paid to the Claimant till the guaranteed annuity payout period. Thereafter, the policy is terminated. In case of death of the Annuitant after the guaranteed Annuity payout period, policy is terminated and no benefits are payable thereafter
Scenario
Meet Mr. Singh | Age 50
Businessman

Single Premium Plan

What you Pay
Yearly Annuity Amount
Rs 13,482
Rs. 20,233
Rs. 26,964
Calculation Breakdown
= xx X 12 = ₹xx,xxx p.a.
Guaranteed Regular Lifetime Income
Flexible Annuity Choices
Single Premium with Tax Benefits
Annuity is paid the Annuitant for a guaranteed period 15 years (as chosen by the Policyholder at inception of the policy) and thereafter for life of the Annuitant. In the event of death of the Annuitant during the guaranteed period 15 years, Annuity is paid to the Claimant till the guaranteed annuity payout period. Thereafter, the policy is terminated. In case of death of the Annuitant after the guaranteed Annuity payout period, policy is terminated and no benefits are payable thereafter
Scenario
Meet Mr. Singh | Age 50
Businessman

Single Premium Plan

What you Pay
Yearly Annuity Amount
Rs. 13,346
Rs. 20,019
Rs. 26,692
Calculation Breakdown
= xx X 12 = ₹xx,xxx p.a.

Eligibility Criteria

Customer Voice

"Honest Stories from the People We Protect"

The best thing about IndusInd Nippon Life is that their people clarify all the policy details.

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IndusInd Nippon Life is a very flexible organization when it comes to getting good service.

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I have policies from various insurance firms but I find IndusInd Nippon Life to be the best. I meet my agent almost daily and have no complaints with my policies so far.

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In my experience, IndusInd Nippon Life has the best after-sales service. Its SMS based services keep me informed at all times.

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I appreciate the customer care support.

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I am thankful to the company for setting the death claim of my husband in a very short period of time. If I am in a position to invest I would definitely like to invest in your company in the near future. My sincere thanks to you and your company.

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Ajit Singh Varma
Professional | Kanpur
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Vinay Kumar
Professional | Visakhapatnam
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Pradeep Kumar
Businessman | Amritsar
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Pooja Mishra
Professional | Lucknow
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Chapidi Ganga Bhavani
Businessman | Andhra Pradesh
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Vandana R. Khopkar
Housewife | Goa
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Trust You Can Count On

Backed by strong claim results and nationwide support, we stand by your family when it matters most

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40,108 Cr^

Assets Under Management

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68000+

Trusted Advisors

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98.9%**

Claim Settlement Ratio

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700+#

Branches Across India

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3X faster

Faster Process

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UIN for IndusInd Nippon Life Immediate Annuity Plan: 121N012V02

For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale